Entrust Raises Funding to Enhance Security Solutions and Expand Market Reach
Entrust Completes Acquisition of Onfido
Entrust Acquires Onfido
Key Highlights:
- Acquisition: Entrust, a payments, identities, and data security company, has acquired Onfido, an identity verification company based in London.
- AI-Powered Security Solutions: The acquisition allows Entrust to offer a portfolio of AI-powered, identity-centric security solutions.
- Onfido's Expertise: Onfido specializes in digital identity verification, providing businesses with tailored verification methods using a mix of document and biometric verifications, data sources, and fraud signals.
Entrust's Target Market
- Financial Services: Financial institutions and payment companies looking for digital onboarding solutions and enhanced authentication methods.
- Identity Access Management (IAM): Organizations in need of secure IAM solutions to protect critical assets and transactions.
- Global Market: Entrust serves customers in over 150 countries, providing opportunities for various industries worldwide.
What Entrust Needs to Buy
- Identity Verification Technology: Companies specializing in identity verification tools and technologies to enhance Entrust's security solutions.
- Partnerships in Financial Services: Collaborations with financial institutions and payment companies to integrate Entrust's solutions into their systems.
- Market Expansion and Customer Acquisition: Services to support market expansion, customer acquisition, and maintaining high standards in customer service.